With credit, getting the car you want, the apartment, or the job you need can be more accessible. Establishing a credit score is essential to opening the doors to the future you want.
Fortunately, there are credit cards designed for those new to the world of credit. Almost anyone can be approved and quickly establish credit when they show that they can use these cards responsibly.
Benefits of credit cards for people
· Designed to increase your score
· Easy cost control
· Ideal for establishing good habits.
What determines a credit score?
The credit score or history is created by three credit reporting agencies: Experian, Equifax, and TransUnion.
FICO, VantageScore, and other scoring systems generate credit scores based on the information submitted by banks, collection agencies, and other creditors.
Is having no credit the same as having bad credit?
Having no credit history and having bad credit are two different things. A person with no credit is usually someone just starting, while someone with bad credit means they have possibly made some financial mistakes and are therefore considered riskier.
How do I get my first card?
To obtain a credit card, you can do it online through our financial partner or in person at your favorite bank branch. Whether it's your first time or not, the requirements are the same for everyone. You must indicate your income, Social Security number, housing expenses, occupation, address, and telephone number, among other details. When applying online, the decision process typically takes a few seconds unless the issuer requires a more extended review period.
Ready to apply for a credit card for people with no credit?
Click to discover, and request the best card options
from our financial partner.